Sigma Planning Corp Purchases 86 Shares of Northrop Grumman Co. (NYSE:NOC)

Sigma Planning Corp grew its position in shares of Northrop Grumman Co. (NYSE:NOCGet Rating) by 4.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,147 shares of the aerospace company’s stock after buying an additional 86 shares during the quarter. Sigma Planning Corp’s holdings in Northrop Grumman were worth $1,028,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of NOC. Lansing Street Advisors purchased a new stake in shares of Northrop Grumman in the 1st quarter worth $25,000. Kings Point Capital Management increased its stake in shares of Northrop Grumman by 83.3% in the 1st quarter. Kings Point Capital Management now owns 55 shares of the aerospace company’s stock worth $25,000 after purchasing an additional 25 shares in the last quarter. Charter Oak Capital Management LLC purchased a new stake in shares of Northrop Grumman in the 2nd quarter worth $31,000. Core Alternative Capital increased its stake in shares of Northrop Grumman by 666.7% in the 1st quarter. Core Alternative Capital now owns 69 shares of the aerospace company’s stock worth $31,000 after purchasing an additional 60 shares in the last quarter. Finally, Sargent Bickham Lagudis LLC increased its stake in shares of Northrop Grumman by 100.0% in the 2nd quarter. Sargent Bickham Lagudis LLC now owns 86 shares of the aerospace company’s stock worth $41,000 after purchasing an additional 43 shares in the last quarter. 83.91% of the stock is owned by institutional investors.

Northrop Grumman Stock Up 0.3 %

Shares of NYSE:NOC opened at $520.42 on Monday. The company has a current ratio of 1.14, a quick ratio of 1.05 and a debt-to-equity ratio of 0.85. Northrop Grumman Co. has a 12 month low of $345.91 and a 12 month high of $556.27. The company has a 50-day moving average price of $503.18 and a 200 day moving average price of $481.07. The company has a market cap of $80.10 billion, a price-to-earnings ratio of 14.79, a PEG ratio of 7.38 and a beta of 0.64.

Northrop Grumman Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 14th. Shareholders of record on Monday, November 28th will be paid a $1.73 dividend. This represents a $6.92 annualized dividend and a yield of 1.33%. The ex-dividend date is Friday, November 25th. Northrop Grumman’s payout ratio is currently 19.66%.

Analyst Ratings Changes

A number of brokerages have issued reports on NOC. Wells Fargo & Company increased their price target on Northrop Grumman from $516.00 to $575.00 and gave the stock an “equal weight” rating in a research note on Friday, October 28th. Cowen raised their price objective on Northrop Grumman to $570.00 in a research report on Tuesday, November 1st. Morgan Stanley raised their price objective on Northrop Grumman from $530.00 to $585.00 and gave the company an “overweight” rating in a research report on Thursday, November 10th. Susquehanna raised their price objective on Northrop Grumman from $530.00 to $560.00 and gave the company a “positive” rating in a research report on Wednesday, August 31st. Finally, Royal Bank of Canada raised their price objective on Northrop Grumman from $550.00 to $575.00 and gave the company an “outperform” rating in a research report on Friday, October 28th. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $536.92.

About Northrop Grumman

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Northrop Grumman Corporation operates as an aerospace and defense company worldwide. The company's Aeronautics Systems segment designs, develops, manufactures, integrates, and sustains aircraft systems. This segment also offers unmanned autonomous aircraft systems, including high-altitude long-endurance strategic ISR systems and vertical take-off and landing tactical ISR systems; and strategic long-range strike aircraft, tactical fighter and air dominance aircraft, and airborne battle management and command and control systems.

Further Reading

Institutional Ownership by Quarter for Northrop Grumman (NYSE:NOC)

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